Second buy call. Buy when others feeling negative not positive. Strong support at RM 0.165. I reckon will push after 3.30 pm today. Majority of volume done today bet RM 0.165 and RM 0.17.

Buy Call

lee77, for your information XOX price going down is due to the following reasons.

1. anticipating the listing of 375 million new shares on 22/02/2015. So some jittery folks are selling first.

2. Price is NOT GOING DOWN as you see. If you look at the Fibonacci retracement level, RM 0.175 is exactly where the 66% retracement from recent up run. If you remember XOX did record a low of RM 0.155 on 21/01/2016. It then rally upwards to RM 0.215 which is RM 0.06 difference. A 55% retracement of RM 0.06 is RM 0.04 and thus if you minus RM 0.04 from the recent high of RM 0.215 you get RM 0.175. This is where lies the strongest support. Thus don't worry you see the stock has been trading within RM 0.17 to RM 0.215 range, thus i would say a very tight range and with thin volume. Thus no panic selling.

3. Why operators placed 7,996,000 shares at RM 0.18? Before you panic just think with a clear head, if they really want to desperately sell their shares why would they park it there? Why not just sell everything at RM 0.175 and below? The main reason they park 8 million shares at RM 0.18 is because they want to collect more shares at below RM 0.18. They are playing nothing more than a psychology to make contra and panic sellers to rid them of their shares. Just think if they place 15 million on the buy side at RM 0.175? Surely all the punters will quickly eat up the 8 million shares at RM 0.18. Think again what happen if they withdraw the 15 million shares at RM 0.175? People will panic and quickly sell at RM 0.175 to them. That's how they play with our emotions because they know retail investors are just a greedy lot.

You see when they start clearung the 8 million shares at RM 0.18 what will happen to the bullishness of the shares? Retailers in no time will before you know start gobbling up shares at RM 0.185 and RM 0.19. That's how the game is played. You just need to know when they will really start to push up the shares? That will be your profit focal point. Not reacting to all the negative news which makes your emotions go roller coaster.

Final words. If you bought between RM 0.175 to RM 0.20 andd subscribed for the rights issue then i congratulate you as your rights shares are 'IN THE MONEY'. You bought at almost the lowest as the price before XOX went up was RM 0.08 or RM 0.16 after 2 to 1 consolidation in August last year.

Happy Trading.

Nikkei 225 downed 2000 points and Hang Seng downed 1000 points this week. KLSE only downed 20 points this week. So, what is the point of getting panic? Investors just have to ignore all those who spew negative comments. If you want to win then don't addict to screen staring. Try to look at the stock quote only 203 times a day. Morning opening, midday closing and closing after 4.00pm.

You won't be emotionally affected. If not you will be riding on a emotional roller coaster and easily influence by those negative comments here. If you can overcome your screen staring half your battle has already been won.

Again when operators decided to push any stocks they will do it quietly and unexpectely. For those who bought XOX inoticed that those who are spewing negative comments are those who got burnt earlier when XOX was traded between RM 0.30 to RM 0.65. They are the ones who promoted XOX desperately.Some even said it was so precious after it consolidated from 2 to 1 but now disappeared from the scene. Now that they got burnt they wanted XOX to go down the drain and hence recent investors.

Thus as said before be a Contrarian. Just keep it for medium term (1-3 months) when everything is settled (especially after the listing of new Rights shares on 22/02/2015) then it should stabilized. Have faith and you will be rewarded bountifully because you are buying at the lowest now compared to those who got stuck from RM 0.30 onwards.

Happy Trading.

Time to be a contrarian. When others are pessimistic it's the best time to buy. It's not time to buy when investors are calling for TP RM 0.25, 0.35, 0.45 or 0.60 but now when they are calling for TP of RM 0.05, 0.10 or 0.15. As always it works like a charm. Be brave when others are fearful, you won't be wrong.

For those who are still holding XOX, dont be despair. Today's selling is due to the undersubscripion news. Operatorss are taking advantage of this situation to collect more as they press the price to RM 0.18. This is to scare all the weak holders who throw in the towel. Under subscription is not a bad news as one buy = 1 sell. So who is taking up all those un-subscribe shares?

Whatever it is when a stock's volume is commendable and price stabilizing this means the operators are still around. They have not abandon XOX. So just hang on as it is already very low now and you are in a much better position than those who bought all the way from RM 0.70. So cheer up.

Why you should be bullish on XOX.
1. Better than expected quarterly results
2. No impact on stock although bombarded by bad news
3. Ticker is above MAV 14 and MAV 20. Thus RM 0.185 provided a strong support area.
4. MAV 14 is about to cut MAV 20 from below. Thus sign bullish signal.
5. Converging of MAV 14, MAV 20 and MAV 50. Another mid-term bullish signal.

Expect XOX to ramp up these two days.

Happy Trading

This friday is the last day to buy in anticipation of the much better than expected December 2015 quarterly result. Anyway they are expected to release the result after 5.00 pm this friday. Go in before the syndicate ramps it up to above RM 0.20.

XOX seems to be taking in the bad news very well. Strong support at RM 0.185. Volume is low thus shows no selling pressure. Most likely will push up in the afternoon session. Might be able to see RM 0.20 in the afternoon in anticipation of better than expected quarterly results.

Yesterday was a decisive day. ALL In that is. Meaning the retailers and the operators are all in because yesterday was the last Payment Date. Thus now we are on the same boat with the operators as yesterday's volume and stock performance shows operator's interest are still very much intact.

THe short term uptrend for this stock is still intact as it is trading above the MAV 14 and MAV 20. It should be trading above the MAV 50 after chinese. Coincidently the MAV 20 meets the MAV 50 at RM 0.24 which is also the next resistance level. Trading above MAV 50 is very bulish sign of a stock moving towards medium term bullishness. By the way most large and institutional fund managers base their buy and sell decisions on MAV 50. Thus it is also known as the threshold bullishness index.

The candles on XOX shows very tight and orderly thus meaning this stock is getting cornered. This means operators has already getting an upperhand and able to more or less control the movement/direction of the stock.

With today's volume which is very healthy and hovering around RM 0.20 i would say that operators are collection are almost done and should be pushing for higher prices today. Based on the movement by gyrathing the stock up and down so as to vet out weak retail holders, I opine that today XOX may touch RM 0.22 and volume might go above 100 million.

Happy Trading

Dear all, would like to point out that big operators just showed themselves just now (about 12.20 pm) to be precise. Negating unwanted events operators should start pushing this afternoon after 3.30pm.

Solid support at RM 0.20. Still collecting and squeezing for more shares at RM 0.20. Should make its move after lunch today. Normally that's how operators play the market, catching everyone by surprise. They will not move when everyone anticipates but when everyone is off guard. If not everyone will start dumping when they start pumping up.

Traders Psychology.

Features

XOX #PrepaidPlus

With the XOX #PrepaidPlus, subscribers are now able to enjoy the lowest call rate with just 5 sen per call for the first 10-seconds and just 15 sen/ min to any network. The XOX #PrepaidPlus really gives more value by making calls, sending an SMS and even by making video calls at affordable price. The #PrepaidPlus plan comes with 28 months validity.

Penang #1758

XOX released the Penang #1758 plan in collaboration with the Information Department of Government of Penang State. The XOX Penang #1758 plan offers subscribers to make calls from as low as 9 sen for the first 2 minutes and also FREE Mobile Internet to selected segments of the community, mainly youth. It was made available since August 5, 2014. Communities that qualify for the program received FREE Mobile Internet on a monthly basis for up to 3 years.[6]

XOX Season Pass

Get amazing value and convenience for all in the family with XOX Season Pass! This exciting feature allows subscriber to stash their purchased data, minutes or SMS for future use so that nothing goes to waste. The stashed data, minutes or SMS will not expire as long as the account is active. Every time a subscriber activates their monthly mobile internet, it will be directly deducted from their Season Pass available data instead of credit or airtime.[7] Furthermore, the stashed data, minutes, and SMS can be shared with any other user of XOX Season Pass.

Voopee

The XOX-Voopee is an innovative mobile service application that allows smartphones users to have an actual second mobile number, without having the need for an additional phone or SIM card. The Voopee also allow its subscribers to call and text non-Voopee numbers as it works exactly like normal mobile services, but at more affordable rates.[8]

Awards

XOX Mobile was named the proud winner of the Best “MVNO” award, Brand Laureate 2013,[9] Master Class “Emerging Telco of the Year[10] and also listed in Malaysia’s Top 100 Brands in the year 2013.[11]

The recent sharp fall in our local telcos such as maxis, axiate, Digi and so on is not due to softer market but mainly dur to the auction of the 4G Spectrum. The Govt is expected to raise an additional RM 4.5 billion from the telcos from this exercise.

As of date the total number of subscribers have grown to 850,000 as per wikipidea. With Voopee XOX customers enjoyed 33% lower charges (RM 0.10) as compared to RM 0.15 (averaged) by other telcos for fixed line, mobile and sms.

Thus as said the operators timed the release of the news perfector ehich was after trading hours last friday. So there will be very limited or no time for those who didnt subscribed their rights earlier. I reckon the next positive news will be their quarterly report which i reckon between this week and the 27th of this month when the rights and warrant begin trading.

Thus as said the operators will have a triple gain, first from the original mother share which they collected when they push the stock down to RM 0.155 and the recent push from RM 0.155 to RM 0.20 lastFriday. Second they are going to profit another round from the rights issue which priced at RM 0.20. Third the warrants, of course will be their killer since they got it for free.

Warrants are normally priced about 20% above the mother when listing. Thus when they play up the mother share from now till the 27th of February to say RM 0.30 (achievable as the next resistance are RM 0.24 and RM 0.325) plus the release of further good news from their quarterly report. As can be seen their Director has been accumulating XOX shares from RM 0.16 when retailers panic shows that he knows something that we dont. By then the warrants should worth at least RM 0.06. They stand to make hefty profits from this exercise.

XOX-OR last trading day was 26/01/2016 or Wednesday. As i said they are going to sapu all the unsubscribed portion. The operators stand to make 3 rounds of money. One from the mother which they bought for the past few days when it was trading at RM 0.155 and the mother shares at RM 0.20 and the free warrants when they subscribed to the unsubscribed portion.

So one of the key to make money in the stock market is to study the psychology of the stock operators i.e syndicates.

From the size, pattern and proximiy of the candles, i can say that there is a huge accumulation going on in this stock. If you look at the volume transacted since it retraced from RM 0.705 on 20/11/2015 it is still healthy. Volume swing between 15m to 61m considers very healthy. This also shows that syndicates have not abandon this counter. Volume has been very active for the past 4 days and i don't foresee any slowdown at any moment.

If you want to see counters where syndicates abandon them after one round of pumping look no further the likes like sumatec and asiabio. Volume just disappeared and they languish or stay inactive for months and years. Once a while there might be a spike up and then fizzles down again.

If you look property t the candles and the angle of the climb i can say that the buyers are in control. They control how much they will accumulate before the next push up. Like today the operators made a quick push towards the RM 0.205 and slowly retreat back to RM 0.19 and
RM 0.195 so they can accumulate more.

Today plus yesterday's volume amount to 112 million shares or 32% (112/356 million) of total volume. Thus i reckon will still be very active gor the next few days. Some people said that the
operators will abandon the stock after the last payment day on 04/02/2016 which is next Thursday. I reckon the big push will only begin after next Thursday. The operators will be
real idiots to abandon this stock after the payment date since they have spend so much money
to push the stock up from RM 0.16 on 21/01/2016. Total volume transacted since 21/01/16 was
45+18+57+55 = 175 million shares or almost 50% of total shares.

When they pressed the stock to RM 0.155 last week, a lot of investors panicked and sold off. Thus this made the rights undersubscribed and that is where they make their big money. They take up all the unsubscribed portion. Thus when they push up the mother as they are doing now those who sold earlier might be tempted to buy back their shares but without the free warrants. I will not be surprise to see XOX going up every day for the next 8-10 days as we have seen for the past 4 days. In short this stock has been cornered and it will up to the whims and fancy of the operators on when they really push it up.

I will say we will be able to see XOX trading at RM 0.24 before Chinese New Year and RM 0.32 after Chinese New Year.

Happy Trading

Hubris is like a karma. Those talking big will soon get whacked by the market. Will have to give back more than you take out Nobody is above the market. Got to respect the market at all times. Happen to me many times Happy Trading.

Syndicate is pressing the price down so that they can scoop up all the unsubscribe XOX-OR. They will push up the mother share to above RM0.20
during the payment period. After that its all the way up. They will make 2 rounds of money. One from the mother and the other from the warrant.

MACD, RSI and Willams %R and Stochastic indicators all showing positive divergence. Looks like XOX is going for a big move starting tommorow. Positive divergence are very bullish.Next target should be RM 0.245 achievable before Chinese New Year. Following that should be RM 0.325.

Happy Trading.

University of Greenwich ranked 244 out of 291 universities in the UK and ranked 1063 in the world?

Funny, when the stock is up this thread attracts more than 30 comments
per hour. But when it is down hardly more than ten comments. This shows investors in this thread still trade with emotions i.r euphoria and fear. So i reckon this would be a good indicator to buy/sell.

When euphoria hits (busy with comments) then time to sell and when fear strikes (thread is quiet) then it's time to buy. I always does that when scouting for timing signals.

The first and foremost thing that we should know about instaco is that it's core competency is raising yele-communication towers and not construction or aluminium manufacturing. It only went big time into construction after acquiring vivocom and the luring of one Dr Yeoh. If you guys recall how many announcements have instaco made since 3 months ago before its share price go ballistic.

Whenever its share price is threathen with a tear then out it comes some good news either a new project or bonus issue or rights issue to cream its share price. Thus this create a sudden speculative frenzy among retailers. Have any of you counted how many announcements have it made for the past 3 months. Just make a comparion with other counters and judge by yourself. The latest being the LOA or letter of award from CRCCregarding the RM 116 million project involving a gated community with apartments, villas, semi detached houses and so on.It was announced on the 3th of December when its share price dived to the low of rm 0.25.

Why the hell does it announced the Private placement which itself a bad news together with a better than expected quarterly profit? I reckon it is to cushion a possible collapse of the share price if they are announced separately.

If your core competency is raising communication towers then the right business model should be invest in business that are 'vertically integrated' and not 'horizontally integrated'. Vertically integrated industries are business that helps it to cut costs of production like steel fabrication or steel importing and distribution business. Not really into aluminium plant or real estate for that matter. Right. A good business model should be one that grow organically and if possible minimise on external debts. If you grow too fast and trying to be a jack of all trade then you will lose out on core competencies and thus efficiencies and thus cost effectiveness.

That is my 2 cents analysis.

For you folks who wants to improve your trading performance, i suggest you read the annual Dalbar "Quantitative Analysis of Investor Behavior" study which continues to show just how poorly investors perform relative to market benchmarks over time. More importantly, they discuss many of the reasons for that underperformance which are all directly attributable to your brain.

Here are 3 of the most insidious biases that will keep you from achieving your long-term investment goals.

1) Confirmation Bias

As individuals, we tend to seek out information that conforms to our current beliefs. If one believes that the stock market is going to rise, they tend to only seek out news and information that supports that position. This confirmation bias is a primary driver of the psychological investing cycle of individuals as shown below.

The issue of "confirmation bias" also creates a problem for the media. Since the media requires "paid advertisers" to create revenue, viewer or readership is paramount to obtaining those clients. As financial markets are rising, presenting non-confirming views of the financial markets lowers views and reads as investors seek sources to "confirm" their current beliefs. Individuals want "affirmation" that their current thought process is correct. As human beings, we hate being told that we are wrong, so we tend to seek out sources that tell us we are "right."


2) Gambler's Fallacy

The "Gambler's Fallacy" is one of the biggest issues faced by individuals when investing. As emotionally driven human beings, we tend to put a tremendous amount of weight on previous events believing that future outcomes will somehow be the same.

The bias is clearly addressed at the bottom of every piece of financial literature.

"Past performance is no guarantee of future results."
However, despite that statement being plastered everywhere in the financial universe, individuals consistently dismiss the warning and focus on past returns expecting similar results in the future.

This is one of the key issues that affect investor's long-term returns. Performance chasing has a high propensity to fail continually causing investors to jump from one late cycle strategy to the next. This is shown in the periodic table of returns below. "Hot hands" only tend to last on average 2-3 years before going "cold." Go and Google Callan Periodic Returns.



3) Anchoring Effect

This is also known as a "relativity trap" which is the tendency for us to compare our current situation within our own limited experiences. For example, I would be willing to bet that you could tell me exactly what you paid for your first home and what you eventually sold it for. However, can you tell me what exactly what you paid for your first bar of soap, your first hamburger or your first pair of shoes? Probably not.

The reason is that the purchase of the home was a major "life" event. Therefore, we attach particular significance to that event and remember it vividly. If there was a gain between the purchase and sale price of the home, it was a positive event and, therefore, we assume that the next home purchase will have a similar result. We are mentally "anchored" to that event and base our future decisions around a very limited data.

When it comes to investing we do very much the same thing. If we buy a stock and it goes up, we remember that event. Therefore, we become anchored to that stock as opposed to one that lost value. Individuals tend to "shun" stocks that lost value even if they were simply bought and sold at the wrong times due to investor error. After all, it is not "our" fault that the investment lost money; it was just a bad stock. Right?

This "anchoring" effect also contributes to performance chasing over time. If you made money with ABC stock but lost money on DEF, then you "anchor" on ABC and keep buying it as it rises. When the stock begins its inevitable "reversion," investors remain "anchored" on past performance until the "pain of ownership" exceeds their emotional threshold. It is then that they panic "sell" and are now "anchored" to a negative experience and never buy shares of ABC again.




Happy Trading Folks

KLCI next target will be 1595 points
Instace next target will be RM 0.25 then subsequently the next TP will be RM 0.195. It will be bloodbath from tommorow onwards.

XOX dumping has been well absorbed. The biggest volume 170 million shares has already been forced sell yesterday. The rest of the force selling days ahead are as follows.

08/12 - volume 170 million High RM 0.325
09/12 - Volume 98 million High RM 0.24
10/12 - volume 58 million High RM 0.225
11/12 - volume 100 million High RM 0.235
14/12 - volume 75 million High RM 0.225

Thus what can we deduce from here? Force selling has already been done with and well absorbed. Look at the high for the next 3 days i.e 10/12 to 14/12 the highs are pretty close to each other. Hence it can be concluded thatat any moment XOX is going to break out from this formation. Most probably by the next two days.

Without being too ambitious i reckon we will be seeing hibiscus hitting the intial target of RM 0.305 in the next few days. Subsequently it should go for RM 0.365 as the next target.

I reckon stock trend for Hibiscus should be on the upward bias. If you look at the chart carefully it has on the consolidation phase since 25/11/2015. For the past few days it manage to displayed some bull patterns i.e higher low and resting nicely on the 14MAV.

Secondly despite all the bad news from losses from the past two years to the disappointment of not finding oil in australia through its JV partner 3D oil, its share price is nevertheless absorbing them pretty well.

In fact it started it upward move last Friday but i reckon it was curbed by some selling pressure from insiders pertaining to the suspension this morning. Again many retailers expected the stock to dive upon opening after the suspension did not materialised meant that there are parties accumulating the stock. Those i would say 'smart money' or people in the know.

Thus it can be concluded that there are parties accumulating this stock and it should make its upward move pretty soon.

Normally with such big volume means the operators have left the scene. In fact for the past 2 weeks there has been heavy distribution by the operators unnotice by retailers. Operators start distribution on the 19/11/2015 to be exact. Since then the stock price is stagnant but traded with heavy volume couple with good news released with good timing. These are signs of stock distribution by operators.

Again Good Luck to all traders.

Watch Out for second wave of Selling. Next TP will be around RM 0.22, should be achiveable by next week, Dont dream of getting back to RM 0.30. There is going to be continuous selling and margin call till next week.

Todays force sell are those who bought at RM 0.325. Tommorow are those folks who bought at RM 0.335 with a whopping 140 million shares traded. Monday will be force selling those who bought at RM 0.33 with 56 million shares.

Good Luck and Happy Trading

XOX is already game over. Market makers have already unload and distributed. Look at the volume. Big volume with stagnant price means retailers are all on board. Shall see a retracement to 0.21 in the near term.

Most commodities are experiencing backwardation meaning future prices are much cheaper than spot prices. However this situation cannot last very long as price normalization will take effect. When prices normalize then the next stage will be the contango effect. This means the gap between the spot and futures price will be closed. Thus spot price will rise in order the close the differential in prices.

Copper and Oil has been in deep backwardation for the last few months and as a result they are heavily oversold. Copper and Oil has been rising since last month. Yesterday copper rose more than 4% or broke the 50 DMA and hit a 2 months high. Similarly oil has been having a good run since last month. Both WTI and Brent has risen more than 20%. So i reckon the fear factor has already been price in.

Last night's Brent surge by 3.86% was mainly due to the Turkish invasion into Iraq.

Albertwarrior, publishing those articles will not help. It won't help as our market is already stabilising. When Dow jones dropped more than 400 points last week followed by a 272 points drop on Friday and despite Brent and WTI dropped more than 3% yesterday our market is still going up up. Don't you know that our O & G counters have already de-coupled from the global oil prices since last week?

These counters are now consolidating before the next big push. Some of them have already rebounded close to 50% from their low last month. Perisai's low of 0.24 and today it closed at 0.32 more than 35%. Look at Thheavy, it's low was 0.13 last month and today it is trading at 0.175 almost 40% rise. Same goes with SKPetro was 1.29 last month now at 1.74 and a high of 1.91 few days ago.

O & G stocks has been battered down too heavily.Only way to go is up as most of them are still making huge profits. Our national petrolium output increased from about 540,000 bpd in July last year to 670,000 bpd this July. So there will be still be lots of downstream activities.

Scnwolf next target should be around 0.42.

There will be no interest rate hike in the US in September. With the stock market and bond market tanking, there is no way the Fed going to risk an interest rate hike. It will be postpone.

Time to buy before it flies

USD/MYR will retrace any moment as it is already oversold. Today's currency market down because China had a second devaluation in two days. Monday was 6.108, Tuesday was 6.32 and today is 6.3858. I reckon USD is setting for a weakening move soon.

Another very important thing to learn is to control your emotions. If you cannot control your emotions then you will always be a loser. One way to see if you can control your is to stop screen staring. A lot of people lose money because they always stick to the stock quote screen. Their emotions are like roller coaster, feel high when the market is up and depress when the market is down. If you can control your screen staring then you are on the way to become a winner.

If you want to play the stock market, prepare to lose. Make sure when we make our bets the odds is in our favour. In casinos where the games are highly rigged, if you are a good card counter you chance of winning in the poker game exceeds 80%. It is of common knowledge that casinos no banned card counters from entering.

Similarly if we know that the market is dropping drastically then the chances for it to drop further is limited. Even if you buy scnwolf now at 0.335 it will still be better than all those folks out there buying from 0.55 down to now. Again we do not know the bottom. As long as the odds is our favour then buy. No need to be chicken little, The rebound will come. One thing we must learn is that we must stick to our investment plan. What is the point of cutting losses here and there when the brokers has the last laugh because of our commission. Frequent changing buying and selling stocks in different markets is like jumping from the frying pan into the fire and then later jumping from the fire back to the pan.

Time to collect Scnwolf. Almost reaching the 32.5c support. KLSE is almost bottom. I give it max 2 more days down. If we are lucky we should see a rebound by tomorrow afternoon. Buy when others fear as you guys always said. Why suddenly sell when others sell? Follow the herd?

Propping up the ringgit can be done three ways. One, through the selling of USD from the Bank NegaraReserves to buy the Ringgit. Thus create a momentarily artificial demand for ringgit. This measure will always fail to defend any currency.

Two, through the increase in the interest rates which Bank Negara will not do at the moment as Malaysia's debt is too high. Thus increasing interest rate means our Gove will need to pay more interest costs.

Third, by way of increasing our exports. When our producers increase our exports then our claims of the USD against our overseas counterparts will increase. Thus with the increase in USD receipts we can use it to buy more ringgit and thus will strengthen the ringgit

There are a few things that we (including me) need to learn the market. Hope, sense of denial and sitting in. Never buy hope in the share market. Never be in a sense of denial when you are losing money. Only practice sitting in when the market is bullish not when bearish. And the most important thing is to be able to face your losses.

If you are the type where you feel euphoria when scnwolf is up and depress when it is down then you need help psychologically. You need to get some books on psychology of trading before you can move up to the status of 'MASTER TRADER'. If not you will always be a lesser player. Play on hope, denial and euphoria. You cannot win consistently in the market with this attitude. When you get your psychology in order then only look into methods of trading. There are two schools fundamental and technical analysis.

After that you will need to look into trading styles. In tradespeak these strategies that include relative value, event driven, corporate restructuring, market opportunistic and so on. Then come post-trade and money management. I have been through all of what you guys have done. Everyday is like a roller coaster. When the market is down you cannot sleep. When the market is up also cannot sleep because you start counting how much extra you are going to make tomorrow espeially when Dow Jones up 300 points.

If you want to win consistently you need all of the above.

Scnwolf still long way to drop. Still no sign of oversold. When it is oversold the price should be around 0.32

As said going to test 0.42 today. If break 0.42 then next stop will be 0.395

Next week scnwolf most probably will test 0.42

Hey folks, sorry for offending anyone. We are not here to boast who is a better analyst. Richkid might be right to go in and buy but the only thing that concerns me is the timing. China50-c1 expiries on the 28/08/2015 which means less than a month. That amounts to about 20 trading days. If the market zooms down today, what chances for his investment to recover. Call warrants can be considered be at the top of the risk pyramid. If you leave it for 30 minutes, the prices can be vastly different. By the time you realised it might be trading at 0.29 as like Tuesday when SHCOMP dropped 8.5%. Some call warrants lost 30-40% that day. China50-c1 dropped 30%.

So why not buy call warrants that is further out of the money like those with expiry dates in Oct or Nov. Just for the info i went in to buy China50-c4 and HSI-Ct and HSI-CU just now. They offer the same volatility but longer expiry date. From what i see these call warrants are quite bottom because even though SHCOMP dropped 1.7% yesterday they remain unchanged. I have been there and done that, burnt my fingers by buying warrants to close to maturity. Happy Trading folks.

i suspect SHCOMP is only going for a rebound. Next unwinding may be around the corner as many investors has huge losses. There are still RMB1.4 trillion worth of margin financing out there waiting to be unwind. Chinese govt cannot forever be supporting the market. Moreover now that SHCOMP in deep backwardation. It will normalise to contango. I reckon the market will again continue its backwardation move as soon as that is done. Then we shall see SHCOMP in a much lower position.

IMF to China: You Must Stop Propping Up Stocks

http://www.bloomberg.com/news/articles/2015-07-24/imf-said-to-urge-china-to-exit-measures-to-prop-up-stock-market

China has implemented more than 45 measures to prop up the market but still unsucessful to push it back to the 5000 level. So what makes you think the market cannot go down below the 3200 level that was set last month? The measures include:

22-Jul-15 China's Securities Finance Corp is now among the top 10 shareholders of at least 8 firms.

21-Jul-15 Capital injection of $109b into 3 policy banks ($48b to China Development Bank, $45b to Export Import Bank, and $16 to Agricultural Development Bank).

19-Jul-15 Increased regulations on internet financing and P2P lending. Client funds must be parked at established banks, and more disclosure and clearer warnings about risks required.

16-Jul-15 Thurs China Securities Regulatory Commission (CSRC) requests brokers’ proprietary trading to maintain net purchase on daily basis and it will allow brokers equity investment to exceed risk limit during special period. Report that roughly $483 billion was made available to China Securities Finance Corp to support the stock market was leaked ($209b of which from China's biggest banks).

15-Jul-15 Weds China Securities Depository and Clearing Co., Ltd (CSDC) to extend business hours for major shareholders to increase their own companies stock holdings.

13-Jul-15 Mon CSRC probed a leading vendor of trading system Hundsun Tech (600570 CH) for its possible facilitation of OTC margin financing; several large OTC margin financing lenders suspended businesses. China Financial Future Exchange (CFFEX) further tightened control over financial futures' trading: 1) if the market moves one-way for two consecutive trading days, it may tighten the trading via raising the margin, adjusting the trading limits and forcing account liquidation; 2) daily one-way trading of SH000905 Index will be capped at 1,200 bills.

10 to 12-Jul-15 Fri-Sun CSRC instructed brokers to regulate external access to trading systems on Jul 12. Police: found clues that some trading companies might have manipulated stock futures. Cyberspace Admin: banned all advertisements illegally promoting unauthorized margin loans.

China50-C1 is maturing on 28/08/2015. If the market don't rebound tomorrow you are in trouble. This is because call warrants are derivatives and they can gap up 5 to 10c at any moment. Their spread between high and low can be 50% in one day. Take HSI-CU the low for today is 0.28 and high is 0.375. The difference is 0.095 cents. 0.095/0.30 is about 32%. So good luck to you.

As far as i know $1.20 will be gone tomorrow. Next support is $1.00.
Happy trading guys.

$1.70 support will go soon